Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CSCO	CISCO SYSTEMS INC	1,953,400	$229M	1.0%	$117.36	—	COM	17275R102
MU	MICRON TECHNOLOGY INC	181,120	$208M	0.9%	$1150.76	—	COM	595112103
KO	COCA-COLA CO/THE	2,431,000	$197M	0.8%	$81.23	—	CL A	191216100
QCOM	QUALCOMM INC	695,000	$128M	0.5%	$184.77	—	COM	747525103
NEM	NEWMONT CORP	543,500	$50.74M	0.2%	$93.35	—	COM	651639106
FCX	FREEPORT-MCMORAN INC	689,800	$43.37M	0.2%	$62.87	—	CL B	35671D857
CRH	CRH PLC	329,500	$35.26M	0.1%	$107.01	—	CL A	G25508105
VMC	VULCAN MATERIALS CO	104,320	$30.77M	0.1%	$294.91	—	COM	929160109
CRDO	CREDO TECHNOLOGY GROUP HOLDING	87,000	$23.6M	0.1%	$271.25	—	COM	G25457105
XYL	XYLEM INC/NY	175,000	$20.68M	0.1%	$118.20	—	COM	98419M100
ETN	EATON CORP	51,064	$20.56M	0.1%	$402.68	—	SHS	G29183103
EMR	EMERSON ELECTRIC CO	143,300	$20.56M	0.1%	$143.49	—	COM	291011104
AMRZ	AMRIZE LTD	274,013	$14.59M	0.1%	$53.26	—	SHS	H2927K103
MBGL	MOBILITY GLOBAL INC	508,000	$11.19M	0.0%	$22.02	—	COM	60744M106

Increased Positions (24)

NVDA NVIDIA CORP 8.3%

Value $1.966B (+16.2%) Shares 9,841,100 (+1.4%) Est. Cost $135.80 Unrealized —

META META PLATFORMS INC 2.6%

Value $614M (+70.3%) Shares 1,090,500 (+73.0%) Est. Cost $618.38 Unrealized —

AVGO BROADCOM CORPORATION 4.1%

Value $972M (+26.8%) Shares 2,578,100 (+4.0%) Est. Cost $225.90 Unrealized —

JPM J.P. MORGAN CHASE & CO 2.6%

Value $609M (+43.1%) Shares 1,860,500 (+28.6%) Est. Cost $274.62 Unrealized —

PGR PROGRESSIVE CORP/THE 1.0%

Value $238M (+73.0%) Shares 1,091,400 (+57.1%) Est. Cost $223.95 Unrealized —

FITB FIFTH THIRD BANCORP 1.2%

Value $283M (+54.9%) Shares 5,017,000 (+27.7%) Est. Cost $46.05 Unrealized —

UNH UNITED HEALTHCARE 0.9%

Value $221M (+76.1%) Shares 533,000 (+14.7%) Est. Cost $426.38 Unrealized —

V VISA INC A 2.1%

Value $510M (+19.9%) Shares 1,489,000 (+5.8%) Est. Cost $91.72 Unrealized —

COST COSTCO WHOLESALE CORP 0.7%

Value $155M (+83.5%) Shares 166,000 (+95.5%) Est. Cost $750.17 Unrealized —

KKR KKR & CO INC 0.6%

Value $138M (+101.3%) Shares 1,502,000 (+103.1%) Est. Cost $103.08 Unrealized —

DG DOLLAR GENERAL 0.6%

Value $140M (+97.5%) Shares 1,213,600 (+103.7%) Est. Cost $125.09 Unrealized —

JNJ JOHNSON & JOHNSON 0.9%

Value $217M (+46.0%) Shares 853,100 (+40.5%) Est. Cost $235.40 Unrealized —

PNC PNC BANK CORP 1.1%

Value $272M (+33.1%) Shares 1,105,000 (+12.6%) Est. Cost $191.72 Unrealized —

KLAC KLA CORP 1.5%

Value $359M (+22.5%) Shares 1,191,000 (+498.5%) Est. Cost $343.76 Unrealized —

PH PARKER-HANNIFIN CORP 0.5%

Value $115M (+83.1%) Shares 117,200 (+67.3%) Est. Cost $965.90 Unrealized —

BSX BOSTON SCIENTIFIC CORP 0.6%

Value $133M (-26.0%) Shares 3,117,000 (+8.8%) Est. Cost $60.57 Unrealized —

EL LAUDER (ESTEE) CO. 0.4%

Value $105M (+22.7%) Shares 1,325,500 (+11.5%) Est. Cost $157.05 Unrealized —

BKNG BOOKING HOLDINGS INC 0.4%

Value $91.61M (-15.3%) Shares 514,000 (+1900.0%) Est. Cost $407.18 Unrealized —

ULTA ULTA BEAUTY INC 0.5%

Value $129M (+11.1%) Shares 286,505 (+28.8%) Est. Cost $302.09 Unrealized —

PODD INSULET CORP 0.3%

Value $71.46M (-13.6%) Shares 469,400 (+19.0%) Est. Cost $254.56 Unrealized —

WMT WAL-MART STORES, INC. 0.9%

Value $217M (+3.9%) Shares 1,921,100 (+14.1%) Est. Cost $104.33 Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 0.7%

Value $178M (+2.9%) Shares 356,000 (+1.1%) Est. Cost $449.34 Unrealized —

ABT ABBOTT LABS 0.6%

Value $146M (-2.3%) Shares 1,609,200 (+10.5%) Est. Cost $120.10 Unrealized —

ISRG INTUITIVE SURGICAL INC 0.5%

Value $118M (-2.7%) Shares 298,000 (+12.9%) Est. Cost $501.99 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORP	9,841,100 (+1.4%)	$1.966B (+16.2%)	8.3%	$135.80	—	COM	67066G104
META	META PLATFORMS INC	1,090,500 (+73.0%)	$614M (+70.3%)	2.6%	$618.38	—	CL A	30303M102
AVGO	BROADCOM CORPORATION	2,578,100 (+4.0%)	$972M (+26.8%)	4.1%	$225.90	—	COM	11135F101
JPM	J.P. MORGAN CHASE & CO	1,860,500 (+28.6%)	$609M (+43.1%)	2.6%	$274.62	—	COM	46625H100
PGR	PROGRESSIVE CORP/THE	1,091,400 (+57.1%)	$238M (+73.0%)	1.0%	$223.95	—	COM	743315103
FITB	FIFTH THIRD BANCORP	5,017,000 (+27.7%)	$283M (+54.9%)	1.2%	$46.05	—	COM	316773100
UNH	UNITED HEALTHCARE	533,000 (+14.7%)	$221M (+76.1%)	0.9%	$426.38	—	COM	91324P102
V	VISA INC A	1,489,000 (+5.8%)	$510M (+19.9%)	2.1%	$91.72	—	CL A	92826C839
COST	COSTCO WHOLESALE CORP	166,000 (+95.5%)	$155M (+83.5%)	0.7%	$750.17	—	COM	22160K105
KKR	KKR & CO INC	1,502,000 (+103.1%)	$138M (+101.3%)	0.6%	$103.08	—	COM	48251W104
DG	DOLLAR GENERAL	1,213,600 (+103.7%)	$140M (+97.5%)	0.6%	$125.09	—	COM	256677105
JNJ	JOHNSON & JOHNSON	853,100 (+40.5%)	$217M (+46.0%)	0.9%	$235.40	—	COM	478160104
PNC	PNC BANK CORP	1,105,000 (+12.6%)	$272M (+33.1%)	1.1%	$191.72	—	COM	693475105
KLAC	KLA CORP	1,191,000 (+498.5%)	$359M (+22.5%)	1.5%	$343.76	—	COM	482480100
PH	PARKER-HANNIFIN CORP	117,200 (+67.3%)	$115M (+83.1%)	0.5%	$965.90	—	COM	701094104
BSX	BOSTON SCIENTIFIC CORP	3,117,000 (+8.8%)	$133M (-26.0%)	0.6%	$60.57	—	COM	101137107
EL	LAUDER (ESTEE) CO.	1,325,500 (+11.5%)	$105M (+22.7%)	0.4%	$157.05	—	CL A	518439104
BKNG	BOOKING HOLDINGS INC	514,000 (+1900.0%)	$91.61M (-15.3%)	0.4%	$407.18	—	COM	09857L108
ULTA	ULTA BEAUTY INC	286,505 (+28.8%)	$129M (+11.1%)	0.5%	$302.09	—	COM	90384S303
PODD	INSULET CORP	469,400 (+19.0%)	$71.46M (-13.6%)	0.3%	$254.56	—	COM	45784P101
WMT	WAL-MART STORES, INC.	1,921,100 (+14.1%)	$217M (+3.9%)	0.9%	$104.33	—	COM	931142103
TMO	THERMO FISHER SCIENTIFIC INC	356,000 (+1.1%)	$178M (+2.9%)	0.7%	$449.34	—	COM	883556102
ABT	ABBOTT LABS	1,609,200 (+10.5%)	$146M (-2.3%)	0.6%	$120.10	—	COM	002824100
ISRG	INTUITIVE SURGICAL INC	298,000 (+12.9%)	$118M (-2.7%)	0.5%	$501.99	—	COM	46120E602

Exited Positions (1)

USB U.S. BANCORP 0.3%

Value $76.99M Shares 1,480,500 Est. Cost $46.04 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
USB	U.S. BANCORP	1,480,500	$76.99M	0.3%	$46.04	—	—	902973304

Decreased Positions (24)

GOOGL ALPHABET INC 8.2%

Value $1.953B (+20.4%) Shares 5,469,800 (-3.1%) Est. Cost $106.12 Unrealized —

TJX TJX COS INC 1.3%

Value $301M (-47.1%) Shares 1,988,065 (-44.3%) Est. Cost $39.18 Unrealized —

AMAT APPLIED MATERIALS INC 2.2%

Value $532M (+77.9%) Shares 735,500 (-16.0%) Est. Cost $172.22 Unrealized —

DIS WALT DISNEY CO/THE 0.4%

Value $83.66M (-72.4%) Shares 869,500 (-72.3%) Est. Cost $88.74 Unrealized —

AMD ADVANCED MICRO DEV 2.3%

Value $558M (+59.1%) Shares 961,600 (-44.3%) Est. Cost $130.80 Unrealized —

AMZN AMAZON.COM INC. 5.0%

Value $1.189B (+12.5%) Shares 4,992,300 (-1.6%) Est. Cost $127.38 Unrealized —

GGG GRACO INC 0.1%

Value $26.52M (-79.6%) Shares 350,865 (-77.1%) Est. Cost $40.11 Unrealized —

ITW ILLINOIS TOOL WORKS INC 0.3%

Value $66.97M (-57.4%) Shares 247,600 (-59.0%) Est. Cost $230.16 Unrealized —

APH AMPHENOL CORPORATION 2.0%

Value $482M (+20.1%) Shares 2,732,400 (-13.9%) Est. Cost $43.59 Unrealized —

NKE NIKE INC 0.2%

Value $36.2M (-67.4%) Shares 882,300 (-58.0%) Est. Cost $85.33 Unrealized —

CAT CATERPILLAR INC. 1.0%

Value $234M (+32.9%) Shares 219,600 (-11.6%) Est. Cost $363.88 Unrealized —

HD HOME DEPOT INC 0.3%

Value $77.19M (-42.1%) Shares 219,100 (-46.0%) Est. Cost $369.51 Unrealized —

TXN TEXAS INSTRUMENTS 2.1%

Value $508M (+12.1%) Shares 1,704,000 (-27.0%) Est. Cost $87.98 Unrealized —

ADI ANALOG DEVICES 1.5%

Value $366M (+17.1%) Shares 923,300 (-6.2%) Est. Cost $176.25 Unrealized —

TSCO TRACTOR SUPPLY CO 0.2%

Value $53.83M (-45.9%) Shares 1,703,400 (-22.5%) Est. Cost $52.45 Unrealized —

DHR DANAHER CORP 0.5%

Value $123M (-26.1%) Shares 646,900 (-26.4%) Est. Cost $225.58 Unrealized —

VRSK VERISK ANALYTICS INC 0.0%

Value $346K (-99.0%) Shares 1,930 (-98.9%) Est. Cost $273.52 Unrealized —

ROK ROCKWELL AUTOMATION INC 0.8%

Value $181M (+22.1%) Shares 364,875 (-11.5%) Est. Cost $115.47 Unrealized —

SPGI S&P GLOBAL INC 0.8%

Value $186M (-13.9%) Shares 483,600 (-4.8%) Est. Cost $387.10 Unrealized —

LIN LINDE PLC 0.7%

Value $160M (-15.7%) Shares 309,100 (-19.5%) Est. Cost $445.19 Unrealized —

ECL ECOLAB 0.4%

Value $100M (-21.2%) Shares 360,300 (-24.8%) Est. Cost $123.51 Unrealized —

IEX IDEX CORP 0.4%

Value $86.07M (-21.6%) Shares 379,500 (-34.5%) Est. Cost $199.31 Unrealized —

ADP AUTOMATIC DATA PROCESSING INC 0.1%

Value $31.34M (-33.9%) Shares 140,000 (-40.0%) Est. Cost $297.80 Unrealized —

MS MORGAN STANLEY 0.9%

Value $208M (-1.3%) Shares 993,500 (-22.3%) Est. Cost $138.69 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	5,469,800 (-3.1%)	$1.953B (+20.4%)	8.2%	$106.12	—	CL A	02079K305
TJX	TJX COS INC	1,988,065 (-44.3%)	$301M (-47.1%)	1.3%	$39.18	—	COM	872540109
AMAT	APPLIED MATERIALS INC	735,500 (-16.0%)	$532M (+77.9%)	2.2%	$172.22	—	COM	038222105
DIS	WALT DISNEY CO/THE	869,500 (-72.3%)	$83.66M (-72.4%)	0.4%	$88.74	—	COM	254687106
AMD	ADVANCED MICRO DEV	961,600 (-44.3%)	$558M (+59.1%)	2.3%	$130.80	—	COM	007903107
AMZN	AMAZON.COM INC.	4,992,300 (-1.6%)	$1.189B (+12.5%)	5.0%	$127.38	—	COM	023135106
GGG	GRACO INC	350,865 (-77.1%)	$26.52M (-79.6%)	0.1%	$40.11	—	COM	384109104
ITW	ILLINOIS TOOL WORKS INC	247,600 (-59.0%)	$66.97M (-57.4%)	0.3%	$230.16	—	COM	452308109
APH	AMPHENOL CORPORATION	2,732,400 (-13.9%)	$482M (+20.1%)	2.0%	$43.59	—	CL A	032095101
NKE	NIKE INC	882,300 (-58.0%)	$36.2M (-67.4%)	0.2%	$85.33	—	CL B	654106103
CAT	CATERPILLAR INC.	219,600 (-11.6%)	$234M (+32.9%)	1.0%	$363.88	—	COM	149123101
HD	HOME DEPOT INC	219,100 (-46.0%)	$77.19M (-42.1%)	0.3%	$369.51	—	COM	437076102
TXN	TEXAS INSTRUMENTS	1,704,000 (-27.0%)	$508M (+12.1%)	2.1%	$87.98	—	COM	882508104
ADI	ANALOG DEVICES	923,300 (-6.2%)	$366M (+17.1%)	1.5%	$176.25	—	COM	032654105
TSCO	TRACTOR SUPPLY CO	1,703,400 (-22.5%)	$53.83M (-45.9%)	0.2%	$52.45	—	COM	892356106
DHR	DANAHER CORP	646,900 (-26.4%)	$123M (-26.1%)	0.5%	$225.58	—	COM	235851102
VRSK	VERISK ANALYTICS INC	1,930 (-98.9%)	$346K (-99.0%)	0.0%	$273.52	—	COM	92345Y106
ROK	ROCKWELL AUTOMATION INC	364,875 (-11.5%)	$181M (+22.1%)	0.8%	$115.47	—	COM	773903109
SPGI	S&P GLOBAL INC	483,600 (-4.8%)	$186M (-13.9%)	0.8%	$387.10	—	COM	78409V104
LIN	LINDE PLC	309,100 (-19.5%)	$160M (-15.7%)	0.7%	$445.19	—	SHS	G54950103
ECL	ECOLAB	360,300 (-24.8%)	$100M (-21.2%)	0.4%	$123.51	—	COM	278865100
IEX	IDEX CORP	379,500 (-34.5%)	$86.07M (-21.6%)	0.4%	$199.31	—	COM	45167R104
ADP	AUTOMATIC DATA PROCESSING INC	140,000 (-40.0%)	$31.34M (-33.9%)	0.1%	$297.80	—	COM	053015103
MS	MORGAN STANLEY	993,500 (-22.3%)	$208M (-1.3%)	0.9%	$138.69	—	COM	617446448

Unchanged Positions (29)

INTC INTEL CORP 1.2%

Value $280M Shares 2,009,600 Est. Cost $41.03 Unrealized —

PANW PALO ALTO NETWORKS INC 1.5%

Value $349M Shares 1,025,000 Est. Cost $188.17 Unrealized —

LLY ELI LILLY & CO 2.1%

Value $506M Shares 421,700 Est. Cost $594.76 Unrealized —

NFLX NETFLIX INC 1.3%

Value $304M Shares 4,260,000 Est. Cost $101.91 Unrealized —

AAPL APPLE INC 3.2%

Value $768M Shares 2,656,000 Est. Cost $214.80 Unrealized —

ABBV ABBVIE INC 1.5%

Value $350M Shares 1,393,700 Est. Cost $187.62 Unrealized —

ACN ACCENTURE PLC 0.3%

Value $78.37M Shares 630,000 Est. Cost $326.82 Unrealized —

INTU INTUIT INC 0.3%

Value $66.6M Shares 255,240 Est. Cost $497.56 Unrealized —

ZTS ZOETIS INC 0.3%

Value $63.41M Shares 882,200 Est. Cost $167.55 Unrealized —

BAC BANK OF AMERICA CORPORATION 1.0%

Value $228M Shares 4,003,200 Est. Cost $43.08 Unrealized —

CRM SALESFORCE COM INC 0.5%

Value $129M Shares 821,040 Est. Cost $258.22 Unrealized —

SNPS SYNOPSYS INC. 0.9%

Value $216M Shares 484,860 Est. Cost $522.17 Unrealized —

AME AMETEK INC 0.7%

Value $177M Shares 730,365 Est. Cost $98.19 Unrealized —

TT TRANE TECHNOLOGIES PLC 0.5%

Value $113M Shares 229,400 Est. Cost $214.57 Unrealized —

MCK MCKESSON CORP (NEW) 0.4%

Value $105M Shares 139,500 Est. Cost $703.74 Unrealized —

SPOT SPOTIFY TECHNOLOGY S.A 1.1%

Value $272M Shares 593,000 Est. Cost $141.31 Unrealized —

MRK MERCK & CO 0.9%

Value $211M Shares 1,640,300 Est. Cost $98.70 Unrealized —

CDNS CADENCE DESIGN SYSTEMS INC 0.2%

Value $49.89M Shares 133,000 Est. Cost $303.32 Unrealized —

MSFT MICROSOFT CORP 6.7%

Value $1.603B Shares 4,300,000 Est. Cost $71.79 Unrealized —

GILD GILEAD SCIENCES INC 0.4%

Value $103M Shares 814,325 Est. Cost $120.88 Unrealized —

NOW SERVICENOW INC 0.6%

Value $145M Shares 1,459,400 Est. Cost $147.06 Unrealized —

ADBE ADOBE SYSTEMS 0.2%

Value $40.57M Shares 198,000 Est. Cost $495.13 Unrealized —

SYK STRYKER CORP 0.7%

Value $173M Shares 547,900 Est. Cost $369.43 Unrealized —

MA MASTERCARD INC 1.2%

Value $277M Shares 540,360 Est. Cost $543.27 Unrealized —

SHW SHERWIN-WILLIAMS 0.2%

Value $44.03M Shares 128,000 Est. Cost $355.33 Unrealized —

CTAS CINTAS CORPORATION 0.9%

Value $217M Shares 1,275,500 Est. Cost $163.75 Unrealized —

ORCL ORACLE CORP 0.6%

Value $152M Shares 1,035,000 Est. Cost $163.49 Unrealized —

COO COOPER COS INC/THE 0.5%

Value $112M Shares 1,563,000 Est. Cost $87.02 Unrealized —

MKC MCCORMICK & CO INC/MD 0.3%

Value $65.87M Shares 1,306,700 Est. Cost $67.52 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
INTC	INTEL CORP	2,009,600	$280M	1.2%	$41.03	—	COM	458140100
PANW	PALO ALTO NETWORKS INC	1,025,000	$349M	1.5%	$188.17	—	CL A	697435105
LLY	ELI LILLY & CO	421,700	$506M	2.1%	$594.76	—	COM	532457108
NFLX	NETFLIX INC	4,260,000	$304M	1.3%	$101.91	—	COM	64110L106
AAPL	APPLE INC	2,656,000	$768M	3.2%	$214.80	—	COM	037833100
ABBV	ABBVIE INC	1,393,700	$350M	1.5%	$187.62	—	COM	00287Y109
ACN	ACCENTURE PLC	630,000	$78.37M	0.3%	$326.82	—	SHS	G1151C101
INTU	INTUIT INC	255,240	$66.6M	0.3%	$497.56	—	COM	461202103
ZTS	ZOETIS INC	882,200	$63.41M	0.3%	$167.55	—	COM	98978V103
BAC	BANK OF AMERICA CORPORATION	4,003,200	$228M	1.0%	$43.08	—	COM	060505104
CRM	SALESFORCE COM INC	821,040	$129M	0.5%	$258.22	—	COM	79466L302
SNPS	SYNOPSYS INC.	484,860	$216M	0.9%	$522.17	—	COM	871607107
AME	AMETEK INC	730,365	$177M	0.7%	$98.19	—	COM	031100100
TT	TRANE TECHNOLOGIES PLC	229,400	$113M	0.5%	$214.57	—	SHS	G8994E103
MCK	MCKESSON CORP (NEW)	139,500	$105M	0.4%	$703.74	—	COM	58155Q103
SPOT	SPOTIFY TECHNOLOGY S.A	593,000	$272M	1.1%	$141.31	—	SHS	L8681T102
MRK	MERCK & CO	1,640,300	$211M	0.9%	$98.70	—	COM	58933Y105
CDNS	CADENCE DESIGN SYSTEMS INC	133,000	$49.89M	0.2%	$303.32	—	COM	127387108
MSFT	MICROSOFT CORP	4,300,000	$1.603B	6.7%	$71.79	—	COM	594918104
GILD	GILEAD SCIENCES INC	814,325	$103M	0.4%	$120.88	—	COM	375558103
NOW	SERVICENOW INC	1,459,400	$145M	0.6%	$147.06	—	CL A	81762P102
ADBE	ADOBE SYSTEMS	198,000	$40.57M	0.2%	$495.13	—	COM	00724F101
SYK	STRYKER CORP	547,900	$173M	0.7%	$369.43	—	COM	863667101
MA	MASTERCARD INC	540,360	$277M	1.2%	$543.27	—	CL A	57636Q104
SHW	SHERWIN-WILLIAMS	128,000	$44.03M	0.2%	$355.33	—	COM	824348106
CTAS	CINTAS CORPORATION	1,275,500	$217M	0.9%	$163.75	—	COM	172908105
ORCL	ORACLE CORP	1,035,000	$152M	0.6%	$163.49	—	COM	68389X105
COO	COOPER COS INC/THE	1,563,000	$112M	0.5%	$87.02	—	COM	216648501
MKC	MCCORMICK & CO INC/MD	1,306,700	$65.87M	0.3%	$67.52	—	COM	579780206